Bloomington Corporation reported the following on their contribution format income statement: Sales (12,000 unites) $175,000 Less: Variable Expenses…

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Bloomington Corporation reported the following on their contribution format income statement:

Sales (12,000 unites)$175,000

Less:  Variable Expenses$100,000

Contribution Margin$75,000

Less:  Fixed Expenses$62,000

Net Operating Income$12,500

What is the contribution margin ratio?

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